A Shifting Paradigm

Prior to the global recession of 2008, oil seemed invincible – a king among commodities. Today, less than a decade later, some of the world’s largest oil producers, Saudi Arabia and Russia, are considering freezing production due to low oil prices. According to CNN, “The goal is to keep prices high enough to give oil-reliant countries a financial boost, but not so high that they encourage their chief rival – American shale oil producers – to start pumping aggressively again.”

How Are Lowered Oil Prices Affecting Renewable Energy?

October 17, 2018, 11:31 PM EDT